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Values in Rs. in  Crores

Heritage Foods Sep 23 Year on Year Revenue Skies by 19.9% to Rs..979 Crore and Year on Year Profit slides by 3.8% to Rs.23 Crore. Quarter to Quarter Revenue Surge by 6.0% and Q to Q Profit zooms by 35.4%

00:00 / 03:33
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Revenue Analysis:

Heritage Foods, has reported a revenue of Rs. 979 Crore, which has flies by 5.9% as compared to previous quarter revenue of Rs. 924 Crore. As compared to revenue of September-22, there is a increases sharply by 19.9% from Rs. 816 Crore. to Rs. 979 Crore.


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has slip by 3.8% to Rs.23 Crore from Rs. 24 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has flies by 35.4% to Rs.23 Crore from Rs. 17 Crore. Net Profit % of the Company has remained at 2.3% compared to 1.8% in previous quarter and 2.9% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 4.8% from 4.2% as compared with June, 2023 quarter. The reason for the nearly maintains same of EBITDA Margin is due to,

a) Cost of Sales has nearly maintains same to 81.1% (Previous Quarter: 80.8%). Cost of Sales in absolute terms has grown from Rs. 747 Crore to 794 Crore.

b) Employee Cost has nearly remains regular to 6.3% (Previous Quarter: 6.3%). Employee Cost in exact value has crosses from Rs. 59 Crore to 62 Crore.

c) Other Expenses has slip to 7.7% (Previous Quarter: 8.6%). Other Expenses slides from Rs. 80 Crore to 76 Crore.

The finance cost has turndowns from Rs. 3.11 Crore to 1.5 Crore by -51.7%.


Key Matrix:

Price to Earning (PE) ratio of the company is 34.16 as compared to the Industry PE of 67.66. Low PE signifies that there can be scope of increase in share prices in future. Companies Return on Equity (ROE) is 9.3% and Return of Capital Employed (ROCE) is 14.5%.


Share Price Movement:

The Return on Share Prices were 5.2% in past one month, -6.7% in 3 months, 47.7% in 6 months, 52.3% in 12 months, 7.4% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has flies by 5.9%. Gross Margin has nearly remain flat from 19.2% to 18.9%. EBITDA Margin has nearly remains regular to 4.8% from 4.2%. and Net Profit After Tax Margin has flies to 2.3% from 1.8%.


The Brief of Quarterly Results is as follows:

Heritage Foods Limited

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
978.6
923.7
817.6
786
Cost of Goods Sold
793.5
746.8
652.9
628.2
Employee Cost
62.1
58.6
51.4
56.1
Other Expenses
75.6
79.8
73.9
69
EBITDA
47.4
38.6
39.5
32.6
Depreciation
15
14.6
14.6
14.3
Interest Expense
1.5
3.1
2.4
0.5
Other Income
1.7
2.6
3.4
3.2
Profit B4 Excep. Items
32.5
23.5
25.8
21
Exception Items
1.6
0
2.4
2
Net Profit Before Tax
30.9
23.5
23.4
19
Taxes
8.3
6.8
7.9
5.3
Net Profit After Tax
22.7
16.7
15.5
13.7
Gross Margin %
18.90%
19.20%
20.10%
20.10%
Employee Cost %
6.30%
6.30%
6.30%
7.10%
Other Expense Cost %
7.70%
8.60%
9.00%
8.80%
EBITDA %
4.80%
4.20%
4.80%
4.10%
Net Profit After Tax %
2.30%
1.80%
1.90%
1.70%

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